Activeops Regulatory News (AOM)

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29 March 2021

ActiveOps plc

("ActiveOps", the "Company" or the "Group")

Admission to AIM and First Day of Dealings

ActiveOps (AIM: AOM) is pleased to announce that admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange will become effective and dealings will commence at 8.00 a.m. today under the ticker "AOM" and the ISIN GB00BLH37Y17.

ActiveOps is a leader in Management Process Automation (MPA), providing a SaaS platform to large enterprises with complex and often global back-offices. The Group's software and embedded back-office operations management methodology enables enterprises to adopt a data-driven, scientific approach to organising work and managing capacity.

On 25 March 2021, ActiveOps announced a placing of existing ordinary shares which has today completed. The Placing has realised gross proceeds of £75.7 million for the Selling Shareholders. This includes Calculus Capital and Richard Jeffery, the Company's Co-founder and Chief Executive Officer, who will retain a substantial shareholding in the Group, amounting to approximately 13.8 per cent. on Admission. Calculus Capital will retain a shareholding of approximately 6.1 per cent. on Admission. The market capitalisation of the Company at the Placing Price will be approximately £119.8 million immediately following Admission.

Investec Bank plc acted as Nominated Adviser, Financial Adviser, Sole Broker and Sole Bookrunner to the Company.

Richard Jeffery, Chief Executive Officer of ActiveOps, said:

"Today marks an exciting new phase for ActiveOps, as we seek to deliver on the growth opportunity ahead of us. I am incredibly proud of everything the team has achieved to date, building a market-leading offering and long-term, blue-chip customer base in over 40 countries around the world.

But we are very much still at the start of our journey. Increasing regulation, automation and the changing dynamics of the workforce mean back-office operations are becoming ever more complex. We see a clear and growing need for our offering, which through the enhanced credibility and profile of our IPO we are increasingly well-placed to deliver. I would like to welcome all of our new shareholders and look forward with confidence and excitement."

The Company's Admission Document can be found on its website at www.activeops.com.

For more information, please contact:

Terms capitalised in this announcement but not defined herein shall have the meaning given to them in the Admission Document.

About ActiveOps

ActiveOps is a leader in Management Process Automation (MPA), providing a SaaS platform to large enterprises with complex and often global back-offices. The Group's software and embedded back-office operations management methodology enables enterprises to adopt a data-driven, scientific approach to organising work and managing capacity.

The Group's enterprise platform comprises Workware+, its MPA software platform, and AOM, the Group's operations methodology and framework for effective back-office management. Together, this combination of software and embedded methodology enables operations managers to balance the competing priorities of meeting service and quality standards while improving productivity and reducing cost.

The Group has over 160 employees, serving its global customer base of approximately 80 enterprise customers from offices in the UK, Ireland, USA, Australia, India and South Africa. The Group's customers are predominantly in the banking, insurance and business process outsourcing (BPO) sectors, including Nationwide, TD Bank, Anthem, Inc and DXC Technology.